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作者：Arnosti, Nick
作者单位：University of Minnesota System; University of Minnesota Twin Cities
摘要：This paper studies outcomes of the deferred acceptance algorithm in large random matching markets where priorities are generated either by a single lottery or by independent lotteries. In contrast to prior work, my model permits students to submit lists of varying lengths and schools to vary in their popularity and number of seats. In a limiting regime where the number of students and schools grow while the length of student lists and number of seats at each school remain bounded, I provide ex...
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作者：Frick, Thomas W.; Belo, Rodrigo; Telang, Rahul
作者单位：Universidade Nova de Lisboa; Erasmus University Rotterdam - Excl Erasmus MC; Erasmus University Rotterdam; Carnegie Mellon University
摘要：In programmatic advertising, firms outsource the bidding for ad impressions to ad platforms. Although firms are interested in targeting consumers that respond positively to advertising, ad platforms are usually rewarded for targeting consumers with high overall purchase probability. We develop a theoretical model that shows if consumers with high baseline purchase probability respond more positively to advertising, then firms and ad platforms agree on which consumers to target. If, conversely,...
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作者：Bretschera, Lorenzo
作者单位：University of Lausanne; Swiss Finance Institute (SFI)
摘要：Industries differ in the extent to which they can offshore their production. I document that industries with low offshoring potential carry a sizeable risk premium compared with industries with high offshoring potential, suggesting that the possibility to offshore affects industry risk. A two-country dynamic trade model in which offshoring allows firms to securemarket share against foreign competitors can rationalize the empirical findings.
